After almost six years as principal owner of San Sac, Priveq Investment has agreed to, along with the other owners, divest San Sac to the investment fund Accent Equity 2012
San Sac, with its head office in Linköping, offers a complete range of products for the sorting of household waste and waste management. While owned by Priveq, the company has grown considerably and strengthened its role as market leader in Sweden. The expansion has been organic but has also been helped by a number of company acquisitions, including ILAB Container in 2013 and two Danish companies which have given the company a platform in Denmark.
Since being acquired by Priveq in 2008, the company has increased its turnover from approximately SEK 125 million to almost SEK 400 million, combined with market leading profitability. In the same period, the number of employees has increased from 15 to 45.
”It has been very inspiring to work with the board of directors and the management to develop San Sac by adding new product areas and acquisitions,” says Karl-Johan Willén, partner and Investment Manager at Priveq, as well as San Sac board member. ”We would like to thank San Sac’s highly skilled employees for helping make this a successful investment for Priveq and the other owners.”
”The co-operation between Priveq and the board has been excellent. I greatly value that they have acted as a sounding board to the management team. And more specifically, they have helped us create a structure which has allowed us to take the next step in the development of our company, and have given us great support in our acquisitions,” says Fredrik Jaginder, CEO of San Sac. ”We are excited to continue our growth in a new constellation.”
For more information, please contact:
Karl-Johan Willén, Priveq Investment
Tel. +46 709 50 88 25
Fredrik Jaginder, CEO, San Sac
Tel. +46 702 243 094